Morning Report 21 Jul 22: US sharemarkets advanced on Wednesday

Netflix shares jumped 7.4% after the company predicted it would return to customer growth during the September quarter. Shares of streaming peers Walt Disney (+3.8%) and Paramount Global (+3.8%) both lifted. Shares of Nvidia rose 4.8% after the US Senate pushed forward a US$50 billion bill to bolster US chip manufacturing. And shares of Tesla added 0.8% ahead of its earnings result. The Dow Jones index rose by 48 points or 0.2% and the S&P 500 index rose 0.6%. The Nasdaq index added 184.5 points or 1.6%. 

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